News coverage about Group 1 Automotive (NYSE:GPI) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Group 1 Automotive earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3616618565036 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Group 1 Automotive (GPI) Climbed To A 7-Month High After Q3 Profit Beat (rttnews.com)
- Group 1 Automotive Inc. 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Group 1 Automotive, Inc. (NYSE:GPI) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Group 1 Automotive’s (GPI) CEO Earl Hesterbergon on Q3 2017 Results – Earnings Call Transcript (msn.com)
- Group 1 Automotive (GPI) Q3 Earnings, Revenues Top Estimates (finance.yahoo.com)
GPI has been the subject of several research reports. ValuEngine lowered shares of Group 1 Automotive from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. TheStreet lowered shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Stephens restated an “equal weight” rating and set a $87.00 price objective (up from $83.00) on shares of Group 1 Automotive in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $73.80.
Group 1 Automotive (NYSE:GPI) traded down 0.34% during mid-day trading on Friday, reaching $78.46. 574,564 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.58 billion, a P/E ratio of 12.06 and a beta of 1.63. The company’s 50-day moving average is $70.04 and its 200 day moving average is $63.93. Group 1 Automotive has a one year low of $51.62 and a one year high of $83.18.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts predict that Group 1 Automotive will post $7.03 earnings per share for the current fiscal year.
In other news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.08% of the company’s stock.
WARNING: “Somewhat Positive Press Coverage Somewhat Unlikely to Affect Group 1 Automotive (GPI) Share Price” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/10/29/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-group-1-automotive-gpi-share-price.html.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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